Goodyear Real Estate Market

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December 7, 2011

November/December 2011 Goodyear Real Estate Market Conditions

By Neal Farrell

Welcome to "winter" in Arizona! As usual, we experience a little bit of a slowdown as we get into the holiday season but we still have a declining inventory. As of now we have about 15,500 single family homes for sale (active listings) and about 4200 other types. (condos/mobile homes) About 6000 homes closed sale in the past 30 days with an average sales price of $171,000 which was 99% of list price. If you are making an offer on a home that's priced well, go all in otherwise you won't get it. We have an overall inventory of about 2.6 months, so we are still very low. We expect the low inventory levels to start affecting prices upwardly over the next year but it won't be my much overall.
   Our inventory in Goodyear is at 425 homes and 160 have closed in the last 30 days that's 2.65 months with an average sales price of $157,000, also 99% of list price. $157,000 gets you about 2200 square feet so that's about $70 per square foot.

  It's a great time to buy, prices are still not going up and interest rates are SO very low! Those of you with good credit, stable employment, reserves and a reasonable debt ratio can still qualify, you just have to have all of your "ducks in a row":)



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Russ Lyon Sotheby's International Realty Neal Farrell

Russ Lyon Sotheby's International Realty
Neal Farrell


8715 W Union Hills Dr
Peoria, AZ 85382
OFC: (623) 695-2934
WEB: http://www.donswingley.com/

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